444,900 Shares in Talen Energy Corporation (NASDAQ:TLN) Purchased by Yacktman Asset Management LP

Yacktman Asset Management LP bought a new stake in Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 444,900 shares of the utilities provider’s stock, valued at approximately $79,299,000. Yacktman Asset Management LP owned 0.87% of Talen Energy at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TLN. World Equity Group Inc. acquired a new position in Talen Energy in the third quarter worth $237,000. Roubaix Capital LLC acquired a new stake in shares of Talen Energy in the third quarter valued at about $11,234,000. Riggs Asset Managment Co. Inc. bought a new position in shares of Talen Energy in the 3rd quarter valued at about $1,001,000. Mount Yale Investment Advisors LLC acquired a new stake in Talen Energy during the 3rd quarter valued at $361,000. Finally, Spirit of America Management Corp NY bought a new stake in Talen Energy in the 3rd quarter valued at $214,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on TLN shares. BWS Financial increased their target price on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Guggenheim boosted their target price on shares of Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. began coverage on Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 target price on the stock. Royal Bank of Canada started coverage on Talen Energy in a research report on Thursday, September 26th. They set an “outperform” rating and a $233.00 target price on the stock. Finally, Oppenheimer raised their target price on Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $205.33.

Talen Energy Price Performance

Shares of Talen Energy stock opened at $170.00 on Tuesday. The business’s fifty day simple moving average is $134.39 and its 200 day simple moving average is $105.44. The company has a current ratio of 4.51, a quick ratio of 3.86 and a debt-to-equity ratio of 1.02. Talen Energy Corporation has a 12 month low of $52.01 and a 12 month high of $197.61.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($1.14) by $1.33. The company had revenue of $489.00 million during the quarter, compared to the consensus estimate of $437.50 million. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. Research analysts expect that Talen Energy Corporation will post 14.65 earnings per share for the current fiscal year.

Talen Energy Company Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.